Learning, price formation and the early season bias in the NBA
Finance Research Letters, ISSN: 1544-6123, Vol: 4, Issue: 3, Page: 155-164
2007
- 4Citations
- 9Usage
- 9Captures
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Example: if you select the 1-year option for an article published in 2019 and a metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019. If you select the 3-year option for the same article published in 2019 and the metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019, 2018 and 2017.
Citation Benchmarking is provided by Scopus and SciVal and is different from the metrics context provided by PlumX Metrics.
Metrics Details
- Citations4
- Citation Indexes4
- CrossRef2
- Usage9
- Abstract Views9
- Captures9
- Readers9
Article Description
We test the NBA betting market for efficiency and find that totals lines are significantly biased early each season, yet sides lines do not show a similar bias. While market participants generally force line movements in the correct direction from open to close, they do not fully remove the identified bias in totals lines. This inefficiency enables a profitable technical trading strategy, as the resulting win rate of our proposed simple betting strategy against the closing totals line is 56.72%.
Bibliographic Details
http://www.sciencedirect.com/science/article/pii/S1544612307000177; http://dx.doi.org/10.1016/j.frl.2007.04.002; http://www.scopus.com/inward/record.url?partnerID=HzOxMe3b&scp=34548127893&origin=inward; https://linkinghub.elsevier.com/retrieve/pii/S1544612307000177; https://api.elsevier.com/content/article/PII:S1544612307000177?httpAccept=text/xml; https://api.elsevier.com/content/article/PII:S1544612307000177?httpAccept=text/plain; https://digitalcommons.kent.edu/finpubs/4; https://digitalcommons.kent.edu/cgi/viewcontent.cgi?article=1005&context=finpubs
Elsevier BV
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